Recent changes by the NAIC and worsening conditions in the commercial real estate market have led insurance companies to devote more capital to non-QMs.

AGNC Investment passed Annaly Capital Management during the first quarter of 2026 as the largest real estate investment trust in terms of holdings of MBS.

Non-QM investors prefer disciplined originators, instead of lenders who scale quickly even if it causes additional risk.

The agency said its current authorities to take action against fraud in the housing finance market are “indirect or limited.”

Rocket Companies is marketing a $706.0 million securitization of closed-end second liens.

An analysis of earnings reports from 18 lenders showed combined income from production and secondary market rose to $2.75 billion in the first quarter, a 5.0% increase from the previous period.

Redwood's new MBS is stocked with bank statement and debt service coverage ratio loans.

The planned $1.02 billion deal is the largest offering in the sector thus far this year and one of the largest since the establishment of non-qualified mortgages.

“The flatter yield curve is burning a hole in a lot of people’s pockets,” sai Alan Qureshi, president of Black Lake Investments.

“Two-thirds of mortgage holders compared quotes from multiple lenders during their most recent mortgage-shopping process, but only 54% attempted to negotiate,” according to LendingTree.